1450 N Lake Way

1450 N Lake Way, Palm Beach, FL 33480
Sold

About 1450 N Lake Way, Palm Beach FL

Magical estate compound, 3/4 acres hidden on the north end with 133 feet of direct intracoastal frontage sitting directly on the water with deep water dock. The property is made up of three separate buildings with a total of 9 bedrooms, all en suite plus 3 half baths. The uniqueness of this property cannot be overstated. Built in the spirit of ''Old Palm Beach'' this house is of a size that is easily manageable and has the feeling of home. The grounds are landscaped in a way that creates a tropical garden. It is truly magical. When you are thinking location, location, location please keep in mind that this house is perfectly located with NO Bike Path in front of the house which means NO strangers walking or riding bikes past your private residence. What a great asset. Upon entering through the beautiful wrought iron door, you can't help your eyes from looking down the path to the main house, through the glass wrought iron front door and out to the glimmering waters of the intracoastal waterway. The water is crystal clear because you are located so close to the Palm Beach inlet which leads directly to the Atlantic. In less than a few minutes you can be cruising along the eastern shoreline. The walk from the front entry way and following the path leading down the stunning landscaped path to the main house is truly a walk of serenity. The main house with 4 bedrooms upstairs and water views from every room makes this home truly unique. The views from all downstairs rooms feels like you are sitting on the bow of a ship. Stunning by day, magical by night with the water view lights twinkling across the lake from dusk until dawn. This compound is breathtaking. As you walk out the front door of the house and back up the path you first come upon the historic fountain which serves as a focal point of the property. When you turn north, you head towards the oversized pool 36'X17' up two steps. The pool shade awning sitting area at the east end of the pool looks west to the pool and over the Bellagio Fountains streaming into the deep blue tile pool. Back to the fountain and walking the path south brings you to the Pool Cabana which can easily service as a Studio guest apartment or a fitness room. Once again returning to the fountain you can walk back west towards the front where you entered and will be at the Guest House which includes two large Master Suites upstairs and downstairs on the north side and on the southside is the oversized 3 car garage, (4 cars if you have your Maserati) and two more guest suites upstairs for a total of 4 large bedrooms. There are so many aspects to this "Estate Compound" which make it so special. There are special rooms and spaces, inside and out where catching your moments of peace and serenity can be found. There are three waterfalls around the property serving as ideal places to reflect. This property has what we all want. A place which we can call all our own. The quietness of the north end can be felt. The smell of gardenia can waft in the air. The breezes from the intracoastal one day will be replaced by the ocean breezes the next. There are three balconies upstairs in the main house. One on the east side and two on the west looking over your magnificent views as boats making their way through the intracoastal gently move by. Well maintained with loving care this spectacular property is waiting for you. As a personal testimony, there are many wonder houses in Palm Beach, but we have never seen one that reveals such understated elegance.

Amenities

Interior

Total Bedrooms:

9

Total Bathrooms:

12

Full Bathrooms:

9

Half Bathrooms:

3

Laundry Room:

In Garage, Laundry Tub

Flooring:

Marble, Tile, Wood

Appliances:

Dryer, Dishwasher, Electric Water Heater, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer

Other Interior Features:

Breakfast Area, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Family/Dining Room, French Door(s)/Atrium Door(s), Fireplace, Kitchen/Dining Combo, Pantry, Walk-In Closet(s), Intercom

Exterior & Building

Stories:

2

Garage Space:

3

Water Source:

Public

Utilities:

Cable Available, Electricity Available, Sewer Available, Water Available

Pool:

Heated, Pool

Roof:

Barrel, Composition

Lot Features:

Sprinklers Automatic

Parking Features:

Attached, Covered, Driveway, Garage, Guest, Two or More Spaces, Garage Door Opener

Heat Type:

Central, Electric, Zoned

Air Conditioning:

Central Air, Ceiling Fan(s), Zoned

Sewer:

Public Sewer

HOA Amenities:

Other

Other Exterior Features:

Balcony, Deck, Fruit Trees, Porch, Patio, Awning(s)

Financial Details

Sales Price:

$39,750,000

Real Estate Tax:

$132,709

Area & Lot

Status:

SOLD

Living Space:

10,933 Sq.Ft.

Lot Size:

0.695 Acres

MLS ID:

R10690398

Type:

RESIDENTIAL

Year Built:

1940

Architecture Styles:

Other, Spanish/Mediterranean

Water Frontage:

Y

View Description:

Intercoastal, Pool

Work With Us

As a real estate team, Lisa and John Cregan comprise a perfectly complementary set of skills- Lisa’s deep knowledge of architecture and interior design combined with John’s decades of experience in market analysis, finance and negotiation.

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